College Update Fall 2013

1. College UpdateFall 2013 Sarah A. Rajala Dean James & Katherine Melsa Professor of Engineering

2. Engineering Finances at a Glance • ISU’s Resource Management Model is an incentive-based budgeting system that links resources and responsibilities in the academic colleges. • Engineering's day-to-day operations are funded by tuition, state appropriations, fees, and indirect cost recovery from research. • Salaries and benefits for faculty and staff • Utilities, facilities and maintenance • Equipment • Supplies and services • Research projects are primarily supported by external grants and contracts. • Private gifts create a margin of excellence in our student, faculty, facility and academic programs.

3. FY2014 Budget Highlights • The college balanced an $86M general fund revenue and expense budget. This is $11M larger than last year, including $4M that is available for direct costs. • Tuition revenues have been increased by $9M. • State appropriations have increased by $2M. • Indirect cost recovery is expected to decrease by $400,000. • The administrative overhead charge on service accounts has been eliminated. • New financial investments have been funded with a combination of new revenues and reallocations.

4. FY2014 Budget Highlights • Overall, the CoE's eight academic departments’ general fund budgets have increased by $5M. • New, flexible summer tuition, differential tuition, and technology fee revenues have been allocated to departments based on their enrollments and student credit hours taught. • 17 new faculty searches have been authorized. • A 2.5% raise pool was provided to fund the institutional policy and improve salary competitiveness relative to our peers.

5. CoE’s FY2014 General Fund Revenue Budget$86 Million 35% 50% 4% 11%

7. Engineering’s Budgets for Academic Departments and Administration $48.6 $44.0 $39.1 $35.5 $32.6 $15.4 $15.5 $12.4 $11.4 $10.9

8. CoE Highlights • Record-setting enrollment of undergraduates continue • 16 new faculty were hired this year, and 17 searches are underway • College’s key performance indicators have been updated • Construction of the $74 million ABE complex underway – completion planned for June 1, 2014 • Renovation of Marston Hall approved, plans being completed, and construction to begin in July 2014 • Successful ABET visit – Thank you to one and all!

9. Engineering Research Expenditures $83.9 $78.5 $74.4 $70.6 $67.5

10. Engineering Undergraduate Enrollment *Estimated

11. Engineering Graduate Enrollment *Estimated

12. Engineering Student Residency 12% 26% 36% 52% 52% 22%

13. Engineering Private Philanthropy Millions ($) $23.2 $22.0* $20.9 $21.0 $9.0

14. Goals for 2013 - 2014 • Continue to deliver a high quality education to our students • Increase the number of faculty by 17 • Develop a new model for Engineering Online to encourage growth, new pedagogical development and sustainability • Develop a new plan for renovation and expansion of CoEspace • Increase the number of graduate students who have been enrolled or accepted admission by 5% • Expand research portfolio and increase expenditures by 7.5% • Raise $22M in new private gifts

15. Engineering Facilities Update